Stocks rally unevenly in morning trading Wall Street
Stocks struggle to rally in the opening deal, with rails and oils holding gains after recent selling. Motors led declines with General Motors weak, while rails posted fractional advances for Santa Fe and others. First hour volume surged to 420000 shares, driven by large opening blocks.
MENTIONED IN THIS ARTICLE
New York
Motors
General Motors
Santa Fe
Atlantic Coast Line
Gulf Mobile & Ohio
Southern Pacific
Union Pacific
New York Central
Texas Pacific Land Trust
Amerada
Continental
Pure Oil
Progen Od Petroleum
Lily Tulip
Merck Convertible
Texas Utilities
Louisville Gay
Stock Prices At Noon In New York Market Report
NY stock summary shows declines and gains across major firms including American Can, American Car & Foundry, Atlantic Coast Line, Bethlehem Steel, Boeing, Chrysler, Coca Cola, Colgate-Palmolive, General Electric, General Motors, DuPont, Eastman Kodak, International Harvester, International Nickel, Johns-Manville, Pennsy, Pepsi-Cola, Philip Morris, Reynolds Tobacco, Sears Roebuck, Southern Railway, Standard Oil NJ, Studebaker, Union Carbide, U S Rubber, U S Steel, Westinghouse Electric, and Woolworth among others with varied percentage changes.
MENTIONED IN THIS ARTICLE
New York
American Car & FB
American Todaeco
Atlantic Coast
Baltimore & Owio
Bendix Aviation
Bethlehem Steel
Boeing
Briggs Mig
Enee
Chesapeake & Ohio
Ccvccecsee
Chrsyler
Coca Cola
Colgate-P-P Erectee
Continental Can
Curtiss-Wright
DuPont
Eastern Air
Ceseee
Eastman Kodak
General Electric
General Motors Goodrich
Goodyoat
Gulf of
Central
International Harvester International Nickel
International T & T .Johns-Manville
Kennecott Eee
Lard
Lou & Nash
Monson
Paramount Pictures
Penney Eee
Pennsylvania
Pepsi-Cola
Philip Morris
Reynolds Tobacco B
Seaboard
Sears Roebuck
Southern Co
Southern Railway
Standard Oil
Soldier sentenced in Raleigh for second degree murder
In Raleigh a Black soldier, Connell Whitley, was sentenced to 25 to 30 years in prison after pleading guilty to second degree murder in the killing of Ida Mae Collins, 20, who had accused him of telephoning another girl. The crime occurred last May 12 when Whitley shot Collins six times with a .22 caliber pistol.
MENTIONED IN THIS ARTICLE
Raleigh
John J. Burney
Connell Whitley
Whitley
Ida Mae Collins
Marriage License Sets Morals Defendants Free
A municipal court suspended judgment for 12 months for Mattie Mae Morris and Lacy Colson, a Black couple from 1408 Leonard Street, after presenting a same day marriage license that nullified fornication and adultery charges. Other cases saw driver Gail Medlin convicted with suspended 12 month terms, Weldon Hill’s assault conviction with suspended sentences, and several fines.
MENTIONED IN THIS ARTICLE
Mattie Mae Morris
Lacy Colson
Leonard Street
Clarence Medlin
Gail Medlin
Medlin
Curtis Marino
South Wrerm Street
Archie Myatt
Ament
Wrenn Street
Weldon Hill
Congress Leaders Lay Sit Tight on Truce
U S leaders urge a sit tight stance to persuade South Korea to accept cease-fire terms. McCarran calls the plan a fraud and favors continuing the fight. Wiley warns Switzerland's rejection endangers the armistice, while George and Humphrey urge patience. Sparkman Smith Fulbright back the wait stance and vow not to abandon South Korea. Defense Secretary Wilson says U S will stay in Korea for months and boost ammo stocks.
MENTIONED IN THIS ARTICLE
Washington
U. S
McCarran
Sen. McCarran
D-New
United Nations
Switzerland
South Korea
Wiley
R-Wis
Senate Foreign Relations Committee
Sen. George
Georgia
Syngman Rhee
George
Sen
Humphrey
D-Minn
Commission
H. Alexander Smith
R-Nj
Sparkman
D-Ala
Fulbright
D-Ark
Rhee
Defense Wilson
Senate Appropriations
Korea
Legionnaires Gather For Convention in Wilmington
North Carolina American Legionnaires gathered in Wilmington as the state opened its annual convention. About 3,000 members from the Legion Auxiliary and Forty and Fight attended events including initiations, a grand promenade, and a dance for 400 members. National Commander John D. Newberry and Gov. William B. Umstead were slated to speak.
MENTIONED IN THIS ARTICLE
Wilmington
N. C
North Carolina
American Legionnaires
Legion
Auxiliary
Forty
Fighth
Fight
John D. Newberry
William B. Umstead
Eisenhower Seeks Wheat Aid for Pakistan Relief
President Eisenhower asked Congress to approve up to one million tons of U S wheat for Pakistan to relieve famine. He proposed immediate 700 000 tons with a possible 300 000 ton working reserve from CCC stocks, costs limited to transportation and later reimbursement legislation. The effort would use existing price supported CCC wheat valued around 2 20 per bushel totaling about 82 million dollars.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
Congress
Pakistan
Amine
United States
Commodity Credit Corporation
CCC
New England Tornado Toll Rises With Worcester Destruction
A devastating New England tornado killed 85 and damaged Worcester and surrounding towns. Eyewitness reports described decapitated neighbors, overturned vehicles, and debris carried up to 40 miles. Norton Co plant and housing developments were leveled. Assumption College casualties included three clergy. National Guard units aided rescue as governors declared emergency.
MENTIONED IN THIS ARTICLE
Worcester
Holden
Norton Co
Assumption College
Swedish freighter Stegeholm abandoned in Gulf fire
The 6350 ton Swedish freighter Stegeholm was abandoned 60 miles southwest of Fort Myers as fire raged through the superstructure and holds No. 4 and 5. Captain Sune felt of Saerna and chief engineer remained aboard in a bid to prevent piracy until flames forced evacuation. The crew of about 38, on their way from Tampa to Montreal, were rescued by the SS Iberville after a coast guard plane surveyed the scene. The vessel began listing as it flooded with seawater.
MENTIONED IN THIS ARTICLE
Miami
Gulf of Mexico
Sunefelt
Saerna
Sweden
Fort Myers
Fila
Stegeholm
Tampa
Montreal
Swedish America Line
Waterman Steamship Co
Iberville
Hoegfelt
Coast Guard
Pickett Strike Reaches 59th Day With Steady Morale
The National union and subordinate units provide relief as money and food to striking workers. No mass picketing at the plant gates since the strike began. A small group gathers at shift start then disperses. No violence reported as the strike causes a total plant shutdown.
MENTIONED IN THIS ARTICLE
National Union Organization
Also Mentioned on This Page
Cleveland
Franklin Avenue
Ohio
Franklin
Fulton
Sacceer
RANDS
Venetian Blind
Boone Coal Ce
Hill
W. T. Amaker
Waldo Crawford
Daniel Brooks Apts
Myatt
Crawford
Johnson Street
Gurney W. Marion
Welborn Street
L. E. King
Congressional
Legionnaires
Tan
Mayview Niand
Blowing Rock, N. C
Milton M. Chapman
New England
National Guard
Highway 20
Shrewsbury
Donald Sanborn
Marjorie Collette
Peter Glinsky
Brookside
More
Fitchley
Boston
New Engand
Red Cross
Christian A. Herter
Petersham
Barre
Rutland
Southport
Framingham
Keg Wrentham
Bellingam
Pickett
Goody's
Goody
Rone
Orangeburg
Bellans
Pontiac
S. Wrenn St
Onard
North Wrenn St
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